Does poker equity still affect us when we fold?
One thing which I don't understand with poker equity is that when you calculate equity is it per street? For instance, say on the flop I had 30% equity against my opponents range and I called the bet with the correct pot odds
, would that 30% equity just be for the flop or for further streets? Because as we know in general you can narrow your opponents range depending on how he plays on further streets etc;
What I don't understand though is that if we had 30% equity on the flop ie 30% chance to win at that point, and we end up folding on the turn, haven't we just given up loads of chips pointlessly, as we haven't won yet or haven't technically lost the hand mathmatically either?
The way I compare it to is from a bet on a coin flip. If we had 50% equity on a coin flip we are going to know one way or another whether we are right or wrong after the coin is flipped correct? We either win 50% of the time or not, but in Poker we don't always get to see the end result of a hand? anyone getting this? Like you may have 30% equity on the flop which is great with good pot odds
, but if we fold on the turn haven't we just wasted our chips away making the equity calculation useless?
I hope someone can follow me on this.